Filing Obligations and Prohibited Compensation: Rapid Fire

What this video covers

• Why the 15-calendar-day filing or notification deadline runs from the date of first sale, not launch or document finalization, and why weekends and holidays count
• How the duty to notify persists even when zero written materials were used, requiring affirmative notification that none were used
• The distinction between Riley's Member Notice filed with the Financial Industry Regulatory Authority and Sam's Form D filed with the Securities and Exchange Commission, including which deadline rolls off weekends
• The 14 closed exempt categories and why the word solely means exclusively all or nothing, with no partial credit for mostly institutional buyers
• Why a filing exemption is not a registration exemption, and what good cause shown actually means for individualized exemptions
• The 397-day maturity and $150,000 denomination dual conditions for the short-term privately placed debt exemption
• When the member private offering rule applies versus when the standard notice filing applies, based on whether the member or a control entity is the issuer
• Why prohibited compensation is judged on substance not label, and the three-step affirmative burden firms must satisfy before paying any unregistered person
• The foreign finder exception and why foreign status is required on both the finder side and the customer side